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Hin Leong founder OK Lim charged with abetting forgery for cheating, given court bail of $3 mil

Felicia Tan
Felicia Tan8/14/2020 03:53 PM GMT+08  • 3 min read
Hin Leong founder OK Lim charged with abetting forgery for cheating, given court bail of $3 mil
Oil tycoon Lim Oon Kuin (also known as O.K. Lim), who is also the founder of Hin Leong Trading, was charged in court on August 14 with the abetment of forgery for the purpose of cheating.
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Oil tycoon Lim Oon Kuin (also known as O.K. Lim), who is also the founder of Hin Leong Trading, was charged in court on August 14 with the abetment of forgery for the purpose of cheating.

According to court documents, Lim was accused on instigating a contracts executive of the company to transfer over one million barrels of oil to China Aviation Oil (Singapore) through a fraudulent Inter-Tank Transfer Certificate (ITT Certificate) on March 19.

The document was also used to secure over US$56 million ($76.8 million) in trade financing from a financial institution.

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